Martin Currie Ltd.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Martin Currie Ltd. reported 53 stock positions worth $2.7 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 14.0% of the portfolio, followed by HDFC Bank Ltd.-ADR (HDB, 6.9%) and Ferrari (RACE, 5.7%). Compared with Q3 2024, it opened 5 new positions, sold out of 3, added to 22 and reduced 26. The biggest buy was a new position in Meta Platforms Class A (META) and the biggest sale Nvidia (NVDA, shares −26%).
- Most Recent 13F
- Q2 2025
- Location
- Edinburgh, X0
- CIK
- 0001094499
- Portfolio Value
- $2.7B (Q4 2024)
- SEC Filing
- 0000038777-25-000045 ↗ filed Feb 12, 2025
Holdings Value
Holdings 53 stocks · $2.7B
| TSM Taiwan Semiconductor-SP ADR | 13.97% | 1,923,365 | $379.8M | Reduce -2.7% |
| HDB HDFC Bank Ltd.-ADR | 6.95% | 2,958,274 | $188.9M | Add +0.9% |
| RACE Ferrari NV | 5.73% | 365,579 | $155.9M | Reduce -12.3% |
| NVDA Nvidia Corp. | 5.68% | 1,149,783 | $154.4M | Reduce -26.3% |
| BABA Alibaba Group Holding-SP ADR | 4.96% | 1,589,007 | $134.7M | Reduce -4.1% |
| IBN Icici Bank Ltd.-Spon ADR | 4.76% | 4,332,806 | $129.4M | Reduce -3.3% |
| LIN Linde PLC | 4.61% | 299,385 | $125.3M | Reduce -7.3% |
| MSFT Microsoft Corp. | 3.91% | 252,058 | $106.2M | Reduce -3.0% |
| GLOB Globant SA | 3.13% | 397,309 | $85.2M | Reduce -2.4% |
| MA Mastercard Inc. Class A | 3.05% | 157,479 | $82.9M | Add +2.5% |
| AAPL Apple Inc. | 2.98% | 323,181 | $80.9M | Reduce -4.3% |
| TCOM Trip.com Group Ltd.-ADR | 2.92% | 1,155,749 | $79.4M | Reduce -2.0% |
| MELI MercadoLibre Inc. | 2.64% | 42,225 | $71.8M | Reduce -5.0% |
| MTD Mettler-Toledo International | 2.51% | 55,812 | $68.3M | Reduce -14.6% |
| META Meta Platforms Inc. Class A | 2.46% | 114,033 | $66.8M | New |
| CDNS Cadence Design SYS Inc. | 2.31% | 208,588 | $62.7M | Reduce -9.6% |
| DECK Deckers Outdoor Corp. | 2.12% | 284,050 | $57.7M | New |
| JD Jd.com Inc.-ADR | 2.10% | 1,644,281 | $57.0M | Reduce -0.9% |
| ADSK Autodesk Inc. | 1.97% | 181,056 | $53.5M | Reduce -14.9% |
| VEEV Veeva Systems Inc. Class A | 1.91% | 246,528 | $51.8M | Add +0.4% |
| ZTS Zoetis Inc. | 1.78% | 297,442 | $48.5M | Reduce -27.2% |
| AMZN Amazon.com Inc. | 1.75% | 216,955 | $47.6M | Add +78.0% |
| MMYT Makemytrip Ltd. | 1.69% | 409,389 | $46.0M | New |
| V Visa Inc. Class A | 1.67% | 143,859 | $45.5M | Add +193.9% |
| EPAM Epam Systems Inc. | 1.28% | 149,365 | $34.9M | Reduce -2.5% |
| CMG Chipotle Mexican Grill Inc. | 1.23% | 554,340 | $33.4M | New |
| KSA Ishrs MSCI Saudi Arabia ETF | 1.12% | 742,559 | $30.3M | Add +5.7% |
| IDXX Idexx Laboratories Inc. | 1.11% | 72,943 | $30.2M | Reduce -27.4% |
| ILMN Illumina Inc. | 1.08% | 219,298 | $29.3M | Reduce -54.8% |
| LLY Eli Lilly & Co. | 1.06% | 37,422 | $28.9M | Add +137.9% |
| RMD Resmed Inc. | 0.97% | 114,881 | $26.3M | Reduce -12.0% |
| CRH CRH PLC | 0.96% | 281,500 | $26.1M | Reduce -9.8% |
| INFY Infosys Ltd.-SP ADR | 0.71% | 883,232 | $19.4M | Add +8.8% |
| IEMG iShares Core MSCI Emerging | 0.63% | 325,977 | $17.0M | Add +1814.6% |
| SNPS Synopsys Inc. | 0.51% | 28,664 | $13.9M | New |
| ANSS Ansys Inc. | 0.40% | 32,028 | $10.8M | Reduce -14.9% |
| CPRT Copart Inc. | 0.39% | 183,825 | $10.5M | Reduce -14.9% |
| DXCM Dexcom Inc. | 0.32% | 112,483 | $8.7M | Reduce -14.9% |
| CSANY Cosan SA -ADR | 0.24% | 1,198,508 | $6.5M | Reduce -17.0% |
| ISRG Intuitive Surgical Inc. | 0.06% | 3,228 | $1.7M | Add +54.5% |
| XYL Xylem Inc. | 0.05% | 11,120 | $1.3M | Add +54.6% |
| RVTY Revvity Inc. | 0.05% | 11,286 | $1.3M | Add +52.8% |
| ECL Ecolab Inc. | 0.04% | 5,067 | $1.2M | Add +49.0% |
| VMI Valmont Industries | 0.04% | 3,857 | $1.2M | Add +35.3% |
| TYL Tyler Technologies Inc. | 0.04% | 1,807 | $1.0M | Add +50.5% |
| DE Deere & Co. | 0.04% | 2,442 | $1.0M | Add +53.7% |
| EWY iShares MSCI South Korea ETF | 0.04% | 20,241 | $1.0M | Reduce -24.8% |
| VRRM Verra Mobility Corp. | 0.03% | 29,205 | $706K | Add +164.7% |
| LRN Stride Inc. | 0.02% | 6,158 | $640K | Add +53.7% |
| PLNT Planet Fitness Inc. Class A | 0.02% | 5,679 | $561K | Add +53.6% |
| FLSA Franklin Ftse Saudi Arabia | 0.01% | 8,621 | $303K | Add +21.5% |
| COUR Coursera Inc. | 0.01% | 34,119 | $290K | Add +54.6% |
| ERII Energy Recovery Inc. | 0.01% | 18,305 | $269K | Add +53.7% |
Portfolio Sells Q3 2024 → Q4 2024
| NVDA Nvidia Corp. | Reduce -26.3% | 5.68% | −1.96 |
| RACE Ferrari NV | Reduce -12.3% | 5.73% | −1.49 |
| ILMN Illumina Inc. | Reduce -54.8% | 1.08% | −1.49 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −1.41 |
| BABA Alibaba Group Holding-SP ADR | Reduce -4.1% | 4.96% | −1.38 |
| ZTS Zoetis Inc. | Reduce -27.2% | 1.78% | −1.01 |
| MTD Mettler-Toledo International | Reduce -14.6% | 2.51% | −0.87 |
| LIN Linde PLC | Reduce -7.3% | 4.61% | −0.86 |
| MELI MercadoLibre Inc. | Reduce -5.0% | 2.64% | −0.64 |
| IDXX Idexx Laboratories Inc. | Reduce -27.4% | 1.11% | −0.59 |
| JD Jd.com Inc.-ADR | Reduce -0.9% | 2.10% | −0.50 |
| EPI Wisdomtree India Earnings | Sold out | 0.00% | −0.45 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.42 |
| CSANY Cosan SA -ADR | Reduce -17.0% | 0.24% | −0.21 |
| ADSK Autodesk Inc. | Reduce -14.9% | 1.97% | −0.19 |
| RMD Resmed Inc. | Reduce -12.0% | 0.97% | −0.15 |
| CRH CRH PLC | Reduce -9.8% | 0.96% | −0.09 |
| ANSS Ansys Inc. | Reduce -14.9% | 0.40% | −0.05 |
| CPRT Copart Inc. | Reduce -14.9% | 0.39% | −0.04 |
| EWY iShares MSCI South Korea ETF | Reduce -24.8% | 0.04% | −0.02 |
| CDNS Cadence Design SYS Inc. | Reduce -9.6% | 2.31% | −0.00 |
| DXCM Dexcom Inc. | Reduce -14.9% | 0.32% | −0.00 |
| MSFT Microsoft Corp. | Reduce -3.0% | 3.91% | +0.04 |
| GLOB Globant SA | Reduce -2.4% | 3.13% | +0.08 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -3.3% | 4.76% | +0.13 |
| AAPL Apple Inc. | Reduce -4.3% | 2.98% | +0.21 |
| EPAM Epam Systems Inc. | Reduce -2.5% | 1.28% | +0.21 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -2.0% | 2.92% | +0.25 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -2.7% | 13.97% | +0.49 |
Portfolio Buys Q3 2024 → Q4 2024
| META Meta Platforms Inc. Class A | New | 2.46% | +2.46 |
| DECK Deckers Outdoor Corp. | New | 2.12% | +2.12 |
| MMYT Makemytrip Ltd. | New | 1.69% | +1.69 |
| CMG Chipotle Mexican Grill Inc. | New | 1.23% | +1.23 |
| V Visa Inc. Class A | Add +193.9% | 1.67% | +1.18 |
| AMZN Amazon.com Inc. | Add +78.0% | 1.75% | +0.94 |
| IEMG iShares Core MSCI Emerging | Add +1814.6% | 0.63% | +0.59 |
| LLY Eli Lilly & Co. | Add +137.9% | 1.06% | +0.54 |
| HDB HDFC Bank Ltd.-ADR | Add +0.9% | 6.95% | +0.52 |
| SNPS Synopsys Inc. | New | 0.51% | +0.51 |
| MA Mastercard Inc. Class A | Add +2.5% | 3.05% | +0.29 |
| VEEV Veeva Systems Inc. Class A | Add +0.4% | 1.91% | +0.07 |
| KSA Ishrs MSCI Saudi Arabia ETF | Add +5.7% | 1.12% | +0.07 |
| INFY Infosys Ltd.-SP ADR | Add +8.8% | 0.71% | +0.04 |
| ISRG Intuitive Surgical Inc. | Add +54.5% | 0.06% | +0.03 |
| VRRM Verra Mobility Corp. | Add +164.7% | 0.03% | +0.02 |
| DE Deere & Co. | Add +53.7% | 0.04% | +0.02 |
| RVTY Revvity Inc. | Add +52.8% | 0.05% | +0.01 |
| LRN Stride Inc. | Add +53.7% | 0.02% | +0.01 |
| TYL Tyler Technologies Inc. | Add +50.5% | 0.04% | +0.01 |
| VMI Valmont Industries | Add +35.3% | 0.04% | +0.01 |
| ECL Ecolab Inc. | Add +49.0% | 0.04% | +0.01 |
| XYL Xylem Inc. | Add +54.6% | 0.05% | +0.01 |
| PLNT Planet Fitness Inc. Class A | Add +53.6% | 0.02% | +0.01 |
| COUR Coursera Inc. | Add +54.6% | 0.01% | +0.00 |
| ERII Energy Recovery Inc. | Add +53.7% | 0.01% | +0.00 |
| FLSA Franklin Ftse Saudi Arabia | Add +21.5% | 0.01% | +0.00 |